retirement

Protect Against Social Security Fraud With an Online Account

Protect against fraud by setting up an online account at any age.

The Social Security Administration is adding an extra layer of protection to online accounts.

Anyone signing in to an online Social Security account, or signing up for the first time, must provide either a cell-phone number or an e-mail address to receive a unique, one-time code by text or e-mail. The Social Security Administration rolled out a similar two-step process in 2016, but it restricted the extra layer of protection to text message only.

It’s smart to set up an online account even if you’re years from retirement. Once you’ve done so, identity thieves will be unable to create a fraudulent account in your name and use it to apply for benefits. In addition, you can check your earnings history against your W-2 forms or tax returns to make sure there are no gaps in your earnings record that could reduce your Social Security benefits. You can also look up estimated retirement, disability and survivor benefits and, in certain cases, request a replacement Social Security card.

To set up an account, go to www.ssa.gov/myaccount. You’ll need to enter some personal details, answer questions to confirm your identity, and choose a unique username and a complex password.

Most Popular

When Could We Get a Third Stimulus Check?
Coronavirus and Your Money

When Could We Get a Third Stimulus Check?

President Biden and others in Congress are pushing for a third-round of stimulus checks, but it might be a while before we get them.
January 20, 2021
Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
Coronavirus and Your Money

Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer

The IRS has an online tool that lets you track the status of your second stimulus check.
January 18, 2021
The Recovery Rebate Credit: Get Your Full Stimulus Check Payment With This Tax Credit
Tax Breaks

The Recovery Rebate Credit: Get Your Full Stimulus Check Payment With This Tax Credit

If you didn't get a stimulus check, or you didn't get the full amount, you may be able to claim the recovery rebate credit on your 2020 tax return.
January 18, 2021

Recommended

14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
June 26, 2020
Unhappy with Low CD Rates? A Structured Note May Be the Answer
retirement planning

Unhappy with Low CD Rates? A Structured Note May Be the Answer

What are structured notes? How do they limit risk while allowing for gains? Considering their pros and cons, could a structured note be right for you?…
January 20, 2021
10 New Year’s Financial To Do’s (You’ll Feel Great When You Check Them Off)
retirement planning

10 New Year’s Financial To Do’s (You’ll Feel Great When You Check Them Off)

Once you run through this checklist, you’ll be in great shape for a prosperous and organized new year.
January 18, 2021
Fund Your IRA, Cut Your Taxes
Tax Breaks

Fund Your IRA, Cut Your Taxes

There’s still time to make a 2020 IRA contribution and lower your tax bill.
January 13, 2021